8 FDI Proposals Approved

Sl. No.

Name of theapplicant

Particulars of the proposal

FDI/NRIinflows (Rs. In crore)

1

M/s KnowledgeInvestments (Mauritius) Ltd., Mauritius

Approval to purchase Class A Units of a Fund.

0.026

2

M/s L&T FinanceHoldings Ltd., Mumbai

Induction of foreign equity in an investingcompany by way of Initial Public Offer (IPO).

641.25

3

M/s Gigant IndiaAutomotive Pvt. Ltd.,Maharashtra

Induction of foreign equity to set up a new JV through an investing company.

1.47

4

M/s KonecranesFinance Corporation,Finland

Induction of foreign equity in a company engagedin the financing, investment and consultancyactivities in the field of manufacture of cranes.  The proposal attracts para 4.2.2 of Circular No. 2 of 2010 of the Consolidated FDI Policy.

169.00

5

M/s CatvisionProducts Limited, Delhi

To issue and allot convertible warrants to carry outthe business of manufacturing of CATV equipment. 

1.38

6

M/s Tata Advanced Systems Limited, Delhi

Induction of foreign equity to undertake activityrelating to defence production.

42.82

7

M/s Elbee ExpressPvt. Ltd.

To increase foreign equity participation to carry outthe business of providing courier and logistics activities. 

27.22

8

M/s Alan Dick &Company (India) Pvt. Ltd., Thane

To undertake the additional activity relating toinfrastructure provider (IP Category I).

No FreshInflow

Sl. No

Name of theapplicant

Particulars of the proposal

1

M/s Intel CapitalCorporation, U.S.A.

To make investment by subscribing to warrants in an investingcompany.

2

M/s ABG Shipyard Ltd., Mumbai

To enter into Defence Contracts

3

M/s B4U TelevisionNetwork (India) Pvt Ltd.

Induction of foreign equity by an erstwhile OCB to carry out thebusiness of up-linking a non-news and current affairs TV channel.

4

M/s HindalcoIndustries Ltd., Mumbai

Ex-post-facto approval for issuance of partly paid up shares.

5

M/s LakshmiMachine Works Ltd., Tamil Nadu

To undertake activities of manufacture parts, components andaccessories for aircraft and spacecraft to be supplied to civil anddefence sectors.

6

M/s VerizonCommunications IndiaPvt. Ltd.

Transfer of equity shares from non-resident shareholder to non-resident group in Telecom Sector.

7

M/s Pran Beverages (India) Pvt. Ltd., Kolkata

Induction of foreign equity by a company from Bangladesh.

8

M/s Checkmate Services Pvt. Ltd.,Gujarat

Induction of foreign equity in a company engaged in privatesecurity services.

9

M/s RelianceBroadcast Network Ltd., Mumbai

Induction of foreign investment by FIIs, NRIs by way of freshallotment of shares by private placement or otherwise and/or investments through Stock Exchanges by way of portfolioinvestments, upto the limit of 20% of the total aid up capital of thecompany. The company is engaged in FM Radio Broadcasting.

10

M/s Essar CapitalHoldings (India) Ltd., Mumbai

Acquisition of equity shares by way of subscription to new equity shares and/or purchase of existing equity shares in an investingcompany engaged in the telecom sector.

11

M/s WirelessBusiness Services Pvt. Ltd., Mumbai

Induction of foreign equity to carry out the business of internetand broadband services.

12

M/s Wireless Broadband BusinessServices (Haryana) Pvt. Ltd., Delhi

Induction of foreign equity to carry out the business of internetand broadband services.

13

M/s Wireless Broadband BusinessServices (Delhi) Pvt. Ltd., Delhi

Induction of foreign equity to carry out the business of internetand broadband services.

14

M/s Wireless Broadband BusinessServices (Kerala) Pvt. Ltd., Delhi

Induction of foreign equity to carry out the business of internetand broadband services.

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Pharmac Analytic Solutions Pvt. Ltd.,Bangalore

Issue of shares for other than inward remittances.

2

M/s Asha-Kiran Shelters Foundation, Pune

Ex-post-facto approval for induction of foreign equity to carryout social rehabilitation centre.

3

M/s Forbes BumiArmada Ltd

To make an amendment in the FC approval.

4

M/s Associated Broadcasting Co. Pvt. Ltd.,Hyderabad

In pursuance of the merger proposal to issue and allotcompulsory convertible preference shares on the date ofcompletion of the merger. The company is engaged in the TVChannel Broadcasting.

5

M/s FlagshipInfrastructure Pvt. Ltd., Mumbai

Ex-post-facto approval for issuance of warrants.

6

M/s DLF Limitless Developers Pvt. Ltd., Delhi

Transfer of shares from NR to Resident prior to expiry of 3 years from completion of minimum capitalization norms of the company.

Sl. No

Name of the applicant

Reasons

1

M/s Forbo Holding AG,Lindenstrasse,Switzerland

Withdrawn from the Agenda as the applicant has not providedthe additional information.

2

M/s MSC Agency(India) Pvt. Ltd., Mumbai

Withdrawn from the Agenda since the activity is on automaticroute, FIPB approval is not required.

Sl. No

Name of theapplicant

Particulars of the proposal

FDI/NRI inflows (Rs. in crore)

1

M/s Enam IndiaInfrastructure FundLimited, Mauritius

Investment by subscribing to the Class A units of a Fund.

5750 (maximum, exactquantum to be communicateon closure of fund.